In 2013 musicgenreslist.com took a poll from visitors to their site to find out which genres of music are the most popular.
What is selling well
According to an article written at the beginning of 2014, the 5 genres of music which make the most money are:
Each of these genres has reportedly sold a minimum of over 30 million copies of albums produced by artists of this genre in the last year.
However, according to the current UK charts, the top selling genres of music are slightly different.
|Current top 5 singles|
|Top singles overall 2014|
|Best selling albums 2014|
Gaps in the market
Although the artists and genres shown above are currently the best-selling, their success leaves gaps in the market for other genres to flourish. This is because there may not be as much competition in other genres, and so there is room for new artists to become successful.
Rock and Pop music have historically dominated the charts in the UK, however as I did more research I discovered the popularity of other, less mainstream genres among different audiences, and how they reach their audiences.
For example, the internet has made less popular genres such as dance and dubstep able to reach more people, therefore expanding their audiences and causing these genres to be on the rise, rather than trying to break in to the charts the traditional way. (http://www.djtechtools.com/2012/04/19/the-next-big-thing-dance-music-genres-on-the-rise/)
The Guardian's top albums 2013 includes a wide range of genres, suggesting that there is space in the market for almost any genre if it is marketed correctly, or if the artist is good enough to catch people's attention. (http://www.albumoftheyear.org/list/260-the-guardians-40-best-albums-of-2013/)